Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against him in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.
“Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants,” Trump’s lawyers wrote.
Objection, Your Honor!
On what grounds?
It’s devastating to my case!
Does anyone else have the sneaking feeling Elon is going to show up at some point? He is probably the only person with that much cash on hand who would be willing to lend it to Trump.
If Elon were a natural-born US citizen, I wouldn’t put it past Trump to sell him the VP job. He might try anyway. Or make him Secretary of State, or some bullshit like that.
I don’t think Elon has that much liquid. He’d have to sell off a lot of shares of one of his companies, and that would probably disaffect the stock. I wouldn’t put it past him to do that though.
If Elon had an actual liquidity crisis where he had to bring a meaningful fraction of his assets to bear in terms of real monetary value, he’d probably lose control of his publicly traded companies.
Wait it says “without posting it himself”.
Then it says it’s an “impossible amount”.
BuT He’S A bIlliONaiRE!!!
He has no cash, it’s all tied up in real estate. He would have to sell to get the bond money.
Probably could get a ‘donor’ to purchase though.
It’s not all tied up in real estate. Recall he has a lot of the equity in Truth Social, which he is trying to sell at an inflated price to DWAC. He is just as much of an internet influencer these days as a real estate investor.
But I think it is telling that a key point of the trial was that he overinflated the value of his assets, and now that he has to put up cash, all of a sudden we find that he can’t put up enough collateral, because banks are no longer taking his word on those valuations.
Ok, better put, it’s non-liquid. It’s all tied up in over inflated investments. 😀
